US10Y - Bullish Setup

170
The 10-year yield has successfully broken out of the descending wedge pattern that contained price action throughout 2024-2025, a technically bullish signal suggesting the consolidation phase is complete. Price is now pressing against the upper trendline resistance near 4.5%, and a confirmed breakout above this level would open the door toward a retest of the October 2023 highs around 5%. The RSI has recovered from oversold conditions and is trending higher with room to run before reaching overbought territory, providing momentum confirmation for the move. Persistent inflation, resilient economic data, and growing fiscal deficit concerns continue to underpin structural upward pressure on yields, giving the technical breakout fundamental backing. A sustained move above 4.5% would shift the macro narrative decisively toward "higher for longer," potentially driving yields into the 4.75–5.25% range over the coming months.
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Big move today..

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